The Certified Revenue Cycle Representative (CRCR) program aids in establishing revenue cycle staff performance requirements.
You and your team can demonstrate a high degree of revenue cycle knowledge and competence by earning the certification of CRCR.
This article provides all available information on Certified Revenue Cycle Representatives including how to get a Certified Revenue Cycle Representative (CRCR) certification.
About Certified Revenue Cycle Representative (CRCR) Certification
The Certified Revenue Cycle Representative certification has been added to the list of education programs offered by the Healthcare Financial Management Association.
The CRCR certification is a recognized program delivering up to 14 CPE Credits and is designed for revenue cycle team members with one or more years of experience.
Study materials and exams cost $400 for each candidate and firms hiring more than 10 CRCR candidates receive discounts.
Revenue cycle professionals are expected to have a thorough awareness of the current revenue cycle and how it affects all interested parties, especially healthcare patients, as the healthcare business evolves to a more consumer-centric approach.
Both HFMA members and non-members can enroll in the Certified Revenue Cycle Representative education program, which is an online self-study course.
After completing this course, you’ll be able to:
- Find methods and strategies that will both improve the patient experience and financial success.
- Examine the most efficient techniques for lowering denials and streamlining collections.
- Examine the rules to ensure compliance
- Describe practical methods to build staff confidence, foster departmental cooperation, and contentment at work
- Establish efficient methods for gauging revenue cycle staff performance, recognizing employee know-how, and reducing staff turnover.
After finishing the program and passing the CRCR exam with a score of at least 70%, candidates receive certification.
Every two years, they must pass an exam for recertification.
Who Should Get A Certified Revenue Cycle Representative (CRCR) Certification?
Candidates can get a professional credential that is recognized by the top organization for healthcare finance professionals by completing the CRCR course.
This certification offers confirmation of professional abilities and a deeper comprehension of revenue cycle processes.
It also expands career options and shows a dedication to professional development.
Patient access, patient accounts, health information management, billing department, accounts receivable, case management, compliance decision support, finance, financial representative, and managed care operations are hospital revenue cycle workers and related departments that benefit from CRCR certification.
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Reasons To Get A Certified Revenue Cycle Representative (CRCR) Certification
A broader awareness of the revenue cycle as a whole and how it affects the financial results of the healthcare organization is required of today’s revenue cycle professionals.
Healthcare businesses have a way to make sure that the revenue cycle workforce has the body of knowledge required to meet these needs with the HFMA’s Certified Revenue Cycle Representative (CRCR) program.
CRCR Benefits For Individuals:
- You’ll get a prestigious professional certification and distinction from the top association for healthcare finance professionals.
- It verifies your professional proficiency and improves possibilities for career advancement.
- It provides you with a thorough comprehension of revenue cycle operations.
- It demonstrates your dedication to professional development.
CRCR Benefits For Healthcare Organizations:
- Better financial performance and increased accounts receivable.
- Higher staff skill, knowledge, and expertise.
- Reduction of turnover and liabilities.
- Improved departmental coordination.
- Increased staff happiness and confidence at work.
What To Know Before You Get A Certified Revenue Cycle Representative (CRCR) Certification?
- Organizations and individuals can take the CRCR test.
- The CRCR course is designed for revenue cycle teams.
- The only prerequisite is to have one or more years in the revenue cycle within health care.
- It takes roughly 14 hours to finish the online CRCR self-study course.
- You have a year from the date of purchase to use the CRCR self-study course.
- The HFMA national learning management system platform serves as the foundation for both the study course and online test.
- Upon passing the exam, each candidate will be able to print out a certificate and a congratulations letter.
- Both HFMA members and non-members will receive CRCR certification upon successful program completion.
- All individuals with the CRCR designation, both HFMA members and non-members, must recertify every two years.
- HFMA will monitor and electronically proctor the CRCR exam.
How Do I Get A Certified Revenue Cycle Representative (CRCR) Certification?
The Certified Revenue Cycle Representative (CRCR) program has been added to the Healthcare Financial Management Association’s list of certification options for medical specialists.
The CRCR curriculum is a 14 CPE credit, self-paced online course with 4 units according to the HFMA’s website.
They include:
- Unit 1: The Health Care Revenue Cycle
- Unit 2: Financial Care Before Service
- Unit 3: Financial Care and Time of Service
- Unit 4: Financial Care After Service
The course typically lasts 10 to 14 hours to complete. The assessment/certification exam has 75 multiple-choice questions, and you have 90 minutes to do it.
A 70% and above is required to pass. After 30 days, you can repeat the test if you don’t get a passing grade.
The training and exam cost $400, with discounts available for HFMA members or groups of ten or more applicants.
The 75 questions in the online exam are in the following knowledge areas:
- Optimal procedures for patient-centered revenue cycles
- Patient pleasure and experience
- New rules for compliance
- Ethical standards
- Models for volume-to-value payments
- Revenue cycle key performance indicators
- Best practices for patient financial communications
- Pricing openness and estimating patient needs
- Revised claim-form specifications
- Assistance with finances and the 501(r) rule
- Patient Access
- Updated claim form requirements
- Account resolution
- Cash
- Financial management
- Support department
FAQ
Are HFMA certifications worth it?
Obtaining certification has advantages such as increased pay, greater job satisfaction, and improved organizational performance. You’re taking the first step toward improving your earning potential and standing out from your peers if you’re personally interested in obtaining one or more HFMA certifications.
What is CCSM certification?
The only industry-recognized and validated qualifications concentrating particularly on the position of Customer Success Manager are the Certified Customers Success Manager (CCSM) programs. You will develop the abilities necessary to effectively and efficiently manage your clients both now and in the future as a CCSM.
What degree is needed for revenue cycle management?
A bachelor’s degree in business administration or finance and experience with medical billing, Medicaid, and Medicare are prerequisites for a career as a revenue cycle manager. For positions in RCM, you must possess exceptional interpersonal and problem-solving abilities.
What does a revenue integrity analyst do?
Under the supervision of the Manager of Revenue Integrity, the Revenue Integrity Analyst will identify and evaluate trends, analyze deviations, monitor, and identify opportunities for maximizing revenue and reimbursement to meet financial targets.
What is HFMA Enterprise membership?
Healthcare finance professionals are equipped with the tools and resources they need by HFMA to meet today’s most difficult problems. The advantages of membership are created to assist you in building a sustainable future for your firm, from online education and certifications to vital regulatory analyses.
What does CHFP stand for?
Certification Certified Healthcare Financial Professional
What is the purpose of financial management in healthcare?
In healthcare organizations, managing money and risk in a way that contributes to the achievement of the organization’s financial objectives is the main responsibility of financial management. A healthcare institution can deliver effective healthcare to all of its patients when it has solid and well-organized financial management policies.
What is another name for revenue cycle management?
This is why efficient billing procedures are known as revenue cycle management (RCM) programs, which are used by successful medical clinics.
What are 4 steps in revenue cycle?
Step 1: Services and Charge Capture.
Step 2: Claim Submission and Denial Management.
Step 3: Payment.
Step 4: Quality Reporting.
What are the six stages of the revenue cycle?
The six stages of the revenue cycle are the provision of service, documentation of service, establishing charges, preparing claim/bill, submitting a claim, and receiving payment.
Conclusion
The CRCR certification confirms that a particular level of knowledge and expertise has been attained and helps define performance requirements for people working in revenue cycle management.
When you obtain the Certified Revenue Cycle Representative (CRCR) certification from HFMA, you will be acknowledged as a valuable contribution to the revenue cycle performance of your firm.
Only the CRCR from HFMA offers a national-level certification for dealing with the modern patient-centric revenue cycle.
This certification, certification maintenance, and digital badging are all a part of HFMA membership and are accessible online, round-the-clock.
